Calculate amount for leave encashment - What is meant by prorated EL days?

adi-shrivastava
How much Amount I can get if the leaves encashment formula is this

Annual Fixed Compensation / 365 * Number of pro-rated EL days to be encashed?

My Annual Fixed Compensation is 11,13,000 per annum and the number of Earned leaves remaining is 5.

What is meant by prorated EL days? Is it same as EL i.e 5 in my case ?
manish-kumar1
If Anyone share the formula how to encashed
ahmedhonest
1113000 / 365 x 5 (since this is the balance) = 15246.57
manish-kumar1
If Anyone share name correction process in ESIC
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute